Food Future Asia Award now open for start-up companies in Food and Agtech

Food Future Asia Award now open for Start-up companies in Food and Agtech

  • The competition for the 1st edition of the Future Food Asia Award  (FFAA) is open.
  • Archer Daniels Midland Company (ADM) joins as the lead sponsor.
  • The quest for Asia Pacific’s most promising start-ups has begun!
  • It is open to pre-Series A startups bringing sustainable innovations to address the challenge of food.

January 2017, Singapore – If you are a startup involved in Food- and Agritech, do not miss this opportunity to participate in the first edition of the Future Food Asia Award – an event which aims to showcase the Asia-Pacific’s newest and most promising start-ups.

Feeding a rapidly increasing world population is not a new challenge. The world has battled with the supply and delivery of food for centuries.

This issue will only become more challenging.

Also, with a rising middle class, changing food consumption patterns, and land scarcity, we need new solutions to improve food productivity sustainably.

Organised by ID Capital, and supported by the Economic Development Board of Singapore and global agribusiness leader Archer Daniels Midland Company (NYSE:ADM), the team believes that technology and new innovative business models will help cope with this growing challenge. FFAA was also born out of the belief that agriculture challenges are often region-specific, and thus, the best minds to tackle these problems can be found within local teams.

“We work hand-in-hand with our customers every day to find new ways to meet the challenge of successfully feeding the world while minimizing our impact on the planet. We recognize the tremendous potential for growth and investment in unique and cutting edge new innovative technologies in Food and Agribusiness technologies across Asia-Pacific, and are excited to be a part of the Future Food Asia platform,” said Ian Pinner, ADM President for Southeast Asia, Australia & New Zealand, and Global Destination Marketing.

To contribute to that vision, the competition to win the Future Food Asia Award – the first-of-its-kind competition dedicated to startups from the wider Asia Pacific region, opens today. Sign up now to win the innovation prize of USD $100K. More importantly, join FFAA network and become more visible to international corporates who can help you grow your business.

The competition will be opened from Jan 2017 till March 2017. Applicants can apply online at www.futurefoodasia.com. They will be evaluated by an international panel of judges, and finalists will be invited to present to an audience comprising investors, corporations, and technology teams amongst others. This award event, held in May 2017 in Singapore, will also feature distinguished keynote speakers on the topic of Food and Agriculture technology and sustainability.

Isabelle Decitre, CEO and founder of ID Capital said: “With their strong leadership in the agri-food industry, and their long-term commitment to sustainability, ADM is a great partner to help us realize the vision behind FFAA. We have received a warm welcome from the various stakeholders – and entrepreneurs in particular – we have approached so far in several countries. We believe that FFAA can bring a significant contribution to the development of the essential ecosystem for agriculture and food technologies to flourish in the region.”

For media enquiries on ADM, please contact:

Jackie Anderson
media@adm.com
US: (312) 634-8484

About ID Capital

ID Capital is an investment and consulting boutique firm founded by Isabelle Decitre and headquartered in Singapore. Over the course of the last two years, ID Capital has screened and sourced 100 Agritech/Foodtech deals and has been actively involved in the closing of two Venture Capital investments in this sector. For further enquiries please write to contact@idcapital.com.sg

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 32,300 employees serving customers in more than 160 countries. With a global value chain that includes 428 crop procurement locations, 280 ingredient manufacturing facilities, 39 innovation centres and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com